174 Marjorie Ln - Retail FOR SALE


Middleburgh, NY 12122
$2,950,000 USD
518-337-3705
174 Marjorie Ln, Middleburgh, NY for Sale
$2,950,000 USD
Retail - FOR SALE
1/29
null | 6.72% Cap Rate

174 Marjorie Ln
Middleburgh, NY 12122


HIGHLIGHTS

  • Grocery-anchored multi-tenant retail plaza
  • Built in 2018
  • NNN leases with annual increases

OVERVIEW

Grocery-anchored multi-tenant retail plaza for sale - Middleburgh Meadows Plaza, 174 Marjorie Lane, Middleburgh, NY - offered at $2,950,000 ($122.91 PSF) with a 6.72% cap rate. Built in 2018, this modern two-building center totals 24,002 SF on 4.00± acres with 120 parking spaces (5:1 ratio). NNN leases with annual increases provide stable income and minimal management. Anchored by a regional grocery tenant and adjacent to new residential development. Municipal water, private septic, 4,703 AADT. Excellent investment opportunity in a growing market.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$123 USD /SF

CAP RATE

6.72%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Middleburgh Meadows Plaza

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Drug Store, Restaurant, Supermarket

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

120

LAND DETAILS

LAND ACRES

4 AC

LAND SF

174,240 SF

ZONING

Commercial

APN/PARCEL ID

106.7-2-2

ASK ABOUT THIS PROPERTY

Rudy LynchCarrow Real Estate ServicesMore Info
518-337-3705

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Rudy LynchCarrow Real Estate ServicesMore Info
518-337-3705

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.